Activists thought BlackRock, Vanguard found religion on climate change. Not anymore
October 13, 2019 at 10:00 AM EDT
Two years ago in a vote viewed as a major milestone, BlackRock and Vanguard used their massive market weight to require Exxon Mobil to produce a report on climate change. But since then, the world's biggest money managers' evolving leadership on climate has disappointed many.